Tuesday, February 08, 2011

Update: Avandia Settlements Average $46K

Last week, The Legal reported that the first bellwether trial in the Avandia Multidistrict Litigation, based in the U.S. District Court for the Eastern District of Pennsylvania, did not go off because two plaintiffs' attorneys settled their inventories.

Now, AmLaw Litigation Daily, an affiliate of The Legal, with a hat tip to Bloomberg for breaking the news, is reporting that the inventory settled 5,500 cases for $250 million, or an average of $46,000 each.

Comments

Well its been five years since my moms dealt. I got a settlement letter last year and up to this date I have not received any thing from the layers. What can I do. They said her medical insurance wants to get their money. They said there us a liens pending. Is that possible?

I am an attorney in St Louis who has been approached by some disgruntled clients; contact our law firm with your story; we may have a suit. Meehan Law Firm 7165 Delmar, St Louis MO 63130 (314) 725-9994

I received a letter from my lawyer firm about a month ago. In it they said that the case had been settled and that it would take GSK about two months to decide how the money would be divided. They promised me I would have an amount I would be receiving in two months. It has been a little over a month. And then after I signed the papers it would take another few months to receive the check. I will be happy just to know how much I will be receiving. And then again I might not be happy at all. I'm looking for more than just a token payment. Luck to all of you.

Reilly Pozner LLP:
They have been working on my case for over 5 years now; while other law firms have long since settled. $46,000 is NOT the average pay- out. It goes on a point basis and just how injured you were, AMI, Stroke, CHF. In most cases when you call them you will get the run around and never be able to speak to your attorney of record, but some assistant. letters are being sent out with a break-down of what you will receive, but they will not say when that will happen either. The checks are to follow no later then 30 days from when they have this new signed letter back. Now it's payment by February 2013; I will believe that when I see the check and it does not bounce. But yes, the attorney's are averaging 47% to 66% of the gross settlement, plus all the interest from the money sitting in the bank.

ME ALSO VICTIM ,BEEN WAITING FOR MORE THAN ONE YEAR,GOT ONLY SMALL PORTION OF MY SETTLEMEN,,MY LAW FIRM KEEP TELLING ME , PLEASE BE PATIENT FOR NEXT PAYMENT.
WHY OUR ATTORNEYS ARE DOING SO, ANND HOLDING OUR MONEY FOR NOTHINGH.

Reilly Poznet and Connelly i asked about a advance and had approach a company. they told me to deal with another company they had ties with. so i guess i can kiss getting anything else because they said they plan to pay everyone by last christmas and is almost a year past that dead line. I will never use them again as I feel they are just using the people who suffer.I almost want to hire a attorney to challenge them.

I recieved a letter stating the case is settled and the money is drawing interest, but the question is why is'nt the funds being disbursed. This is a case of law suit wait it out. Accountability is lacking by this law firm.

i think the lawyers took the first offer to get in on the fast money to be made not in the best intrest of us . now they ara sitting on the money drawing intrest ,giving out misleading info. and using a little psycology to make you wait and be glad to take any offer just to get it over. if anyone else feels this way also please contact me at this web site